Ethereum tokens are digital assets that are built on the Ethereum blockchain. They can be used to represent anything from currency to shares in a company.
Tokens can also be used to create smart contracts, which are programs that run on the Ethereum network and can be used to facilitate transactions or other agreements between parties.
Ethereum tokens are often used to raise funds for new projects. This is because they can be easily traded on cryptocurrency exchanges and because they can be used to create decentralized applications (dapps).
Dapps are applications that run on the Ethereum network and don’t require a central authority to function.
The purpose of Ethereum tokens is to provide a way to fund new projects and to create decentralized applications. They have become popular because they are easy to trade and because they can be used to create smart contracts.